Vat on builders
This query is : Resolved
01 January 2014
how vat is calculated on builders ? It is on sale deed or advances?
02 January 2014
VAT is levied from the date of the agreement. The amount of advance, as and when it is adjusted towards the agreement
amount, will be taxed.
Please refer http://mahavat.gov.in/Mahavat/MyFold/WHATS%20NEW/FAQ&NOTE%2828-08-12%29.pdf
amount, will be taxed.
Please refer http://mahavat.gov.in/Mahavat/MyFold/WHATS%20NEW/FAQ&NOTE%2828-08-12%29.pdf
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